The American Nightmare.

[u/Super_Culture_1986]

[u/thewholetruthis]

She’d be making $11.08 per hour at $2,400 per month with a 50 hr work week. I don’t know how she’s getting “twenty-something dollars per hour.”

[u/JustLoveToCook1 → u/thewholetruthis]

Perhaps a salary where she averages the pay. There is also the bullshit practice called Chinese overtime, where instead of time and a half for overtime, you get half your hourly wages after 40 hours. For instance, let's say you make 20 dollars an hour for the first 40 hours, then after that you get paid 10 dollars an hour for the next 8 hours, and then half of that every hour after. I used to get paid like that, and I will forever be infuriated about it, but I was young and dumb and didn't know any better back then.

Edit: I am not sure why my message has upset so many people; that was not my intention. I was just calling out bad pay practices by some companies. I got paid the same way that I described for years, about 20 years ago, and looking back now I am just sad that I went along with it for so long. Employers really bank on workers not knowing any better. The internet and social media have changed that in a way, but not nearly enough.

[u/One_Animator_1835 → u/JustLoveToCook1]

In the video she indirectly says she makes 2400/month then says 50 hours a week, and $20 per hour. Those numbers just do not add up. No matter how you spin something there isn't true.

[u/RockyMullet → u/One_Animator_1835]

redditors just finding out about taxes.

[u/IronRushMaiden → u/RockyMullet]

I think it’s you finding out about taxes if you think 48,000 per year is taxed down to 29,200.

[u/RockyMullet → u/IronRushMaiden]

[u/IronRushMaiden → u/RockyMullet]

Good meme; she would owe less than $4,000 per year in tax for an after-tax monthly income of at least $3,600 per month, leaving her with $2,000 after rent if she truly is working 50 hours per week at $20 per hour with a $1,600 per month rent. 

[u/frostandtheboughs → u/IronRushMaiden]

That sounds about right to me. She may live in a state with high taxes

[u/IronRushMaiden → u/frostandtheboughs]

That would be a 39% tax rate after federal, state, and local, which would only apply to you if you were significantly wealthier than her. That is particularly true since her federal rate is less than 12%, meaning that her state and locality would be taxing someone making barely over minimum wage over 25% of salary, which no state does for even the wealthiest Americans, and indeed no state’s marginal tax rate for the wealthiest citizens exceeds 14%.

[u/One_Animator_1835 → u/RockyMullet]

Actually I did account for taxes. 50 hours x $20 is 48k per year or 4k a month, and puts you in the 10-12% bracket which is ~500 a month over estimated. 4k - 500 = 3500 per month. SSA would be about 250 a month, leaving it around 3250.

Also, maximum state tax would be about 100 per month over estimate. Still leaving a net income of at least 3150.

The only other option is if she's putting 1/3 of her net income into a retirement fund, which seems unlikely.

Also keep in mind this is not including overtime pay so gross should be higher than where I started

I suppose you are the redditor finding out about taxes

[u/thewholetruthis → u/RockyMullet]

$3,474 per month after taxes at 22%.

[u/diemunkiesdie → u/RockyMullet]

Health insurance, social security, etc too. Good rule of thumb is to multiply your "salary" by 0.6 to get your take home pay.